The worldwide fashion house Louis Vuitton launches 10,000 NFTs in collaboration with the 93-year-old Japanese modern artist Yayoi Kusama. In honor of its 200th anniversary, Louis Vuitton will permit purchasers to convert these NFTs into tangible goods. This is the second collaboration between Louis Vuitton and Yayoi Kusama after a 10-year break.
Louis Vuitton x Yayoi Kusama
Louis Vuitton's first NFT initiative features Yayoi Kusama for Louis Vuitton x Yayoi Kusama collection. This alliance between two international brands gives customers 10,000 digital items. Louis Vuitton celebrates their 200th anniversary by making it easier for clients to convert digital assets into actual ones.
Crypto prices and NFT trades have raised NFT market awareness. Louis Vuitton's NFT collection capitalizes on this trend. The OpenSea marketplace will charge clients 7% royalties. Based on other luxury companies' NFTs, experts expect the Louis Vuitton x Yayoi Kusama NFT will cost 4 ETH.
As luxury businesses embrace innovation and the internet arena, Louis Vuitton x Yayoi Kusama legacy may usher in a new digital fashion era.